CYBEM MECHANICAL SERVICES acquired by AQUIRIAN

The acquisition of the R+S Group by VINCI Energies is expected to strengthen VINCI Energies' offering in building solutions, expanding its range of electrical and multi-technical solutions for buildings, and increasing its presence in the German market. The R+S Group's expertise in energy and control technology, mechanical HVAC, project development, engineering, and IT services will complement VINCI Energies' existing capabilities, enabling the company to provide more comprehensive solutions to its customers

Vauban Infrastructure Partners has acquired the remaining 38.7 % stake in Proxiserve, bringing its ownership to 99.7 % and making it the sole reference shareholder. The transaction follows a 2019 co‑control arrangement in which Vauban and Asterion Industrial Partners jointly purchased Proxiserve. Since that initial investment, Proxiserve expanded its smart‑meter inventory and launched electric‑vehicle charging solutions, while maintaining steady growth through the pandemic period. Asterion’s Fund I exit marks the first full divestment from that vehicle

Ambienta has acquired a majority stake (~60%) in Groupe Cap Vert, taking over control from the family office Evolem. This transaction was executed off-market following a pre-emptive approach by Ambienta, interrupting Evolem's ownership after only 18 months. During this short holding period, the group successfully completed nine build-up acquisitions, significantly expanding its geographical footprint into the South-West and Loire Valley regions of France. Ambienta intends to support the management's continued consolidation strategy to create a national champion in urban green space management

Cobepa acquired a majority stake in Groupe Climater from Sagard. The deal marks the start of a new growth cycle focused on geographical expansion and energy transition services. The management team and historical founders retained a significant minority stake to maintain the group's entrepreneurial culture.

Ardian, through its Expansion team, has successfully finalized the acquisition of a majority stake in NetCo Group, succeeding IK Investment Partners and Andera Partners. This strategic transaction marks a new phase of international growth for the century-old family business, which remains under the operational leadership of the founding family’s fourth generation. The strategic rationale for the move centers on the accelerating trend of outsourcing industrial maintenance services across Europe and the significant opportunity for consolidation in a fragmented material handling market

Prenax acquired LM Information's subscription management activities and its US subsidiary LM Inc. in a transaction executed simultaneously with LBO France's majority investment in Prenax. The acquisition is transformative in nature, combining two highly complementary businesses — Prenax's strong corporate client base and Western European footprint with LM Information's deep academic and public sector expertise and presence across Northern and Central Europe — to create the independent European leader in information subscription procurement

LBO France acquired a majority stake in Prenax concomitantly with Prenax's acquisition of LM Information's subscription management activities and its US subsidiary LM Inc. The combined entity — with a total business volume of approximately €250 million — becomes the independent European leader in information subscription procurement, serving large corporates, public institutions, and academic clients across France, the United States, the United Kingdom, Australia, and the Nordic countries. Andera Partners reinvested alongside LBO France through its ActoMezz III fund, having been a minority shareholder for three years prior

Acolad Group has entered into a definitive agreement to acquire 100% of Amplexor, executing a transformative consolidation within the global language services and content management industry. The tie-up creates an international heavyweight, with the combined group's headcount set to surpass 2,000 employees globally. Strategically, the transaction significantly expands Acolad’s geographic reach into the United States, Eastern Europe, and the DACH region, while unlocking immediate cross-selling opportunities by embedding Amplexor’s advanced digital experience solutions into Acolad's network

HLD Europe acquired a majority stake (~60%) in TSG, the European leader in energy distribution services. The management team, led by CEO Jean-Marc Bianchi, reinvested heavily to retain a significant ~40% stake, ensuring strong alignment for the future transformation. This structure provided the flexibility to execute an aggressive buy-and-build strategy to shift the company's mix from fossil fuels to new energies.

Argos Wityu successfully acquires a controlling majority stake in Sicura from a larger corporate facility management group. The operation effectively serves as a strategic corporate carve-out, allowing the target to operate independently. To ensure profound long-term alignment and continuity, the deal structure incorporates significant minority reinvestments from both the former corporate parent and the incumbent executive management team. The primary strategic mandate of this new capital partnership is to aggressively finance Sicura's external growth trajectory by executing targeted acquisitions across complementary safety and security sectors